Sportingbet, Plc. shares plummet after reopening today
Sportingbet, Plc.'s shares took a significant hit today after resuming trading for the first time since the company asked that trade be suspended last week when its non-executive chairman was detained in the United States.
Shares for the company, which owns Paradise Poker, fell 41% on the London Stock Exchange today, trading at 141.88 pence compared to 239 pence when trade was suspended Sept. 7.
The price drop is a result of the arrest of Peter Dicks who was detained in New York last week upon his arrival on a flight from London. Customs officials discovered a warrant issued by Louisiana authorities charging the Sportingbet, Plc. chairman with illegal Internet gambling.
Dicks was released on $50,000 bail Friday while he waits for a hearing on Sept. 14 that will discuss whether or not he will be extradited to Louisiana.
Related articles: Sportingbet Plc. Chairman Free on Bail and Another Online Gambling Exec Detained in U.S..
Best Poker Sites - Editors' Picks
| Poker Site Ranking csss | Play Now | |
|---|---|---|
| 1. | 888poker | Play Now |
| 2. | William Hill Poker | Play Now |
| 3. | PokerStars | Play Now |
| 4. | bwin Poker | Play Now |
| 5. | Poker770 | Play Now |
| 6. | bet-at-home.com | Play Now |
| 7. | Betfair Poker | Play Now |
| 8. | Party Poker | Play Now |
| 9. | Titan Poker | Play Now |
| 10. |
Cake Poker
|
Play Now |

Comments
0